An underwhelming June jobs report
Summary
Marketplace analyzes a weak June jobs report showing only 57,000 new jobs and stagnant wage growth, while experts debate the "lump of labor" fallacy regarding AI’s impact on employment. The episode also features Colossal Biosciences’ efforts to de-extinct woolly mammoths, Saudi Aramco’s sports-washing strategy at the World Cup, and a listener’s story about semi-retirement through tour guiding.
Topics discussed
Sponsors: Cornerstone and Vantage Score
June Jobs Report: Weak growth and labor force exits
Wage Growth: Stagnant pay and rising costs
De-extinction: Colossal Biosciences and woolly mammoths
Market Wrap: Dow record and BBQ costs
Sponsors: 3-Day Blinds, Cornerstone, and Fundrise
AI and Jobs: The lump of labor fallacy explained
World Cup: Saudi Aramco and sports washing
My Economy: Retired social worker leads Italy tours
Closing: Fed rates, credits, and Compound Interest promo
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